Topic: Halving - Will we see a new price high? - page 5. (Read 3362 times)
i would estimate we will see a price between 700-1300 USD.
I hope so, like the last poster said the price really should double but i think that is unlikely in that time scale, i feel that its a buyers market at the minute. there has been a number of attempts in the last few weeks at a price increase, but people are only willing to pay so much at the minute and have reigned it back in.
Personally, I think this kind of thread will be better suited to go to the speculation section... but to answer your question, it's really hard to say.
Obviously, it should theoretically double in price... but the thing is, is that it still comes down to what users are willing to pay for Bitcoins. I feel that this volatility and price surges that have been happening for the past couple of months have all been due to speculation of what the halving will do, and the feeling of needing to acquire more coins before the halving comes. So, it's possible that by the time the halving comes, the prices will have already "doubled" in some sense and not rise at all, because people have already acquired what they wanted to acquire.
It all comes down to how much demand is out for the coin before and after the halving happens.
Obviously, it should theoretically double in price... but the thing is, is that it still comes down to what users are willing to pay for Bitcoins. I feel that this volatility and price surges that have been happening for the past couple of months have all been due to speculation of what the halving will do, and the feeling of needing to acquire more coins before the halving comes. So, it's possible that by the time the halving comes, the prices will have already "doubled" in some sense and not rise at all, because people have already acquired what they wanted to acquire.
It all comes down to how much demand is out for the coin before and after the halving happens.
We are moving fast towards the bitcoin halving. In about six months the mining supply will drop to half. Do you think we will see a rally in the price before or after that? Do you believe this can set a new high?
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